ArcBest Corporation Stock Forecast

ArcBest Corporation stock price up 1.93% on Friday
(Updated on May 03, 2024)

ARCB Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 5.99%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ArcBest Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $120.32 and $136.85. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for ArcBest Corporation stock

ArcBest Corporation finds support from accumulated volume at $112.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.18 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 5.72%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ARCB) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect ArcBest Corporation to open at $115.10, and during the day (based on 14 day Average True Range), to move between $108.31 and $121.39, which gives a possible trading interval of +/-$6.54 (+/-5.69%) up or down from last closing price. If ArcBest Corporation takes out the full calculated possible swing range there will be an estimated 11.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $112.67 (1.90%) than the resistance at $131.82 (14.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ArcBest Corporation stock A Buy?

ArcBest Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.267 Strong Sell Candidate Unchanged

Predicted Opening Price for ArcBest Corporation of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.